XRP Golden Cross Signals Potential Rally to $4.20

The recent XRP market movements have captured the attention of investors and analysts alike, with a rare and powerful technical setup—known as a double golden cross—now in view. This unique pattern may signal the next leg up in Ripple’s momentum, drawing speculative interest on whether the XRP token could soon climb toward the $4.20 mark.

The first noteworthy shift occurred when XRP’s 23-day moving average (MA) surpassed the 200-day MA, forming a classic golden cross. This event alone sent XRP rising from roughly $2.90 to over $3.50 in a matter of days, underlining the strength of the breakout. Now, the second golden cross appears to be forming—with the 50-day MA nearing a crossover of the same long-term trendline. If confirmed, it would result in two successive golden crosses, a pattern considered exceptionally bullish in technical trading circles.

This dual signal is particularly intriguing given its rarity. Historically, similar patterns in other cryptocurrencies have often preceded substantial bull rallies. The current behavior indicates that the previous breakout may have been just the beginning, especially since the token had earlier surged over 700% from a base of $0.50 to the current trading zone. With some cooling off and a consolidation phase seemingly complete, eyes are now locked on the prospect of XRP pushing up to $4.20 once again.

While price patterns and moving averages guide market forecasts, speculative debates flourish in parallel. One topic continuing to spark interest within the crypto community is whether MicroStrategy’s co-founder, Michael Saylor, would have ever considered XRP over Bitcoin for his firm’s treasury strategy.

Former RippleX engineer Matt Hamilton recently pointed out that if Saylor had chosen XRP over Bitcoin during past accumulation phases, his investment portfolio might be worth nearly twice today’s value. He speculated that such a move could’ve also generated significant media buzz, potentially amplifying XRP’s growth due to increased investor confidence.

However, not everyone agrees with this counterfactual scenario. Christopher Inks of TexasWest Capital dismissed the idea, stating outright that Saylor “wouldn’t have touched” XRP. This rebuttal highlights the ongoing ideological divide in the crypto space, where coins like Bitcoin and XRP often appeal to fundamentally different investor profiles and philosophies.

Elsewhere in the digital asset ecosystem, developments around Shiba Inu (SHIB) are also worth noting. SHIB appears to be tracing a setup closely resembling Ethereum’s past bullish moves. Ethereum recently broke above its 200-day MA on a two-day chart—widely seen as a strong bullish continuation signal. SHIB, currently up 9.13%, is nearing that same moving average, suggesting a similar breakout may be approaching.

This technical alignment echoes the last time Ethereum broke that resistance level, which led to a prolonged and steep rally. SHIB’s trading volume is also on the rise, reinforcing the sentiment that another significant price leap could be on the horizon. Traders watching SHIB are keeping a close eye on its proximity to the 200-day MA, as its behavior in the coming sessions could mirror Ethereum’s prior trajectory.

Related: XRP Price: $12M Max Pain for Bears

For XRP, though, the headlines remain focused on the technical crossroads it now faces. A second golden cross forming in quick succession signals unprecedented bullish energy. If the next resistance levels are conquered, a journey to $4.20 wouldn’t just be a guess—it would be a rally backed by compelling market momentum.